Epic Trust Investment Advisors LLC Grows Stock Holdings in Intuit Inc. (NASDAQ:INTU)

Epic Trust Investment Advisors LLC increased its stake in Intuit Inc. (NASDAQ:INTU) by 6.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 863 shares of the software maker’s stock after buying an additional 52 shares during the quarter. Epic Trust Investment Advisors LLC’s holdings in Intuit were worth $540,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewSquare Capital LLC purchased a new stake in Intuit during the 3rd quarter valued at $25,000. Cape Investment Advisory Inc. bought a new position in shares of Intuit during the third quarter valued at $26,000. MCF Advisors LLC boosted its position in shares of Intuit by 119.0% during the fourth quarter. MCF Advisors LLC now owns 46 shares of the software maker’s stock valued at $29,000 after buying an additional 25 shares during the last quarter. Aspire Private Capital LLC increased its holdings in Intuit by 144.4% in the 3rd quarter. Aspire Private Capital LLC now owns 66 shares of the software maker’s stock worth $34,000 after buying an additional 39 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. purchased a new position in Intuit in the 4th quarter worth about $38,000. Institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

Shares of NASDAQ:INTU traded down $12.19 on Tuesday, reaching $626.20. The company’s stock had a trading volume of 586,153 shares, compared to its average volume of 1,235,457. The company has a 50-day simple moving average of $639.91 and a 200 day simple moving average of $604.28. Intuit Inc. has a 52-week low of $400.22 and a 52-week high of $671.01. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $175.34 billion, a P/E ratio of 64.87, a PEG ratio of 3.88 and a beta of 1.21.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, February 22nd. The software maker reported $2.63 EPS for the quarter, topping the consensus estimate of $2.30 by $0.33. Intuit had a return on equity of 17.51% and a net margin of 18.35%. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter last year, the business posted $1.05 earnings per share. The firm’s revenue was up 11.3% on a year-over-year basis. As a group, equities research analysts anticipate that Intuit Inc. will post 11.27 EPS for the current fiscal year.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Wednesday, April 10th were issued a dividend of $0.90 per share. The ex-dividend date was Tuesday, April 9th. This represents a $3.60 annualized dividend and a yield of 0.57%. Intuit’s payout ratio is presently 36.73%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Evercore ISI raised their price target on shares of Intuit from $670.00 to $725.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. StockNews.com upgraded shares of Intuit from a “hold” rating to a “buy” rating in a research note on Tuesday. BMO Capital Markets restated an “outperform” rating and issued a $700.00 price target on shares of Intuit in a research note on Tuesday, March 26th. KeyCorp lifted their price objective on Intuit from $700.00 to $720.00 and gave the stock an “overweight” rating in a report on Wednesday, March 27th. Finally, Piper Sandler increased their target price on Intuit from $642.00 to $750.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $650.23.

Insider Buying and Selling

In related news, EVP Alex G. Balazs sold 280 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total transaction of $178,186.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Intuit news, EVP Kerry J. Mclean sold 3,692 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $663.84, for a total value of $2,450,897.28. Following the transaction, the executive vice president now directly owns 22,948 shares in the company, valued at approximately $15,233,800.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Alex G. Balazs sold 280 shares of Intuit stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total transaction of $178,186.40. The disclosure for this sale can be found here. Insiders sold a total of 4,717 shares of company stock worth $3,117,156 over the last three months. 2.90% of the stock is owned by insiders.

About Intuit

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.